DAI to EUR Live Price Converter

The MakerDAO protocol can easily generate new Dai tokens thanks to its collateral-backed model. Users deposit collateral assets into Maker vaults and receive newly minted Dai tokens in return. This allows them to unlock liquidity while expanding Dai’s circulating supply.

Dai also incentivizes holders to stake their tokens through the Dai Saving Rate (DSR) protocol. This native MakerDAO smart contract enables users to lock up Dai and earn yield at the current DSR rate. Unlike other staking models, DSR offers flexibility with no minimum staking requirements and the ability to withdraw Dai at any time. Between vault collateralization and DSR staking, MakerDAO has created a dynamic system to expand Dai’s monetary base in a decentralized manner.

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Since bursting onto the scene in 2017, Bitsgap has grown into a large crypto aggregator, built a vibrant community of over 500K fellow traders, and generated an online buzz that just keeps growing! We’ve got a treasure trove of automation tools to help you navigate the crypto seas, and our ever-expanding, friendly community is always ready to welcome new crew members! No matter your level, you’ll find a crypto tool for you. Thankfully, there’s a variety to choose from — smart orders, profitable default strategies, and crypto bots for all the market’s ups and downs. Moreover, at Bitsgap, we’re all about keeping things safe, sound, and super secure for our traders. There’s also an affiliate program to earn some sweet extra cash. So, if you’re ready to level up your crypto game and have a blast while doing it, Bitsgap is your ultimate bet!

At Bitsgap, your security is our top priority. We go to incredible lengths to protect your hard-earned crypto and personal information. Here is a brief rundown of the measures we take to protect you: military-grade 2048-bit encryption to keep your data locked up tight, encrypted API keys with no access to funds or personal info, API locks to prevent the same API key from being used on more than one account, countertrade protection, IP whitelisting, and fingerprinting. We stay on the cutting edge of cybersecurity to keep your experience safe and smooth. Constant monitoring allows us to refine our security protocols and stop threats before they become a problem. All in all, our state-of-the-art security, 24/7 human support, and commitment to excellence ensure you feel safe managing your crypto funds with us.